LVMH Leather Goods Sales Fell 5% in Q3 as China Cooled
In the news: LVMH’s fashion and leather goods division fell 5% organically in Q3 on weaker China demand, while jewelry, Sephora and spirits grew.
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LVMH Opens Leather Workshops to the Public This Weekend
In the news: LVMH’s free Journées Particulières, Oct. 16-18, opens Louis Vuitton, Moynat and Berluti leather workshops to visitors in Paris and beyond.
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Netflix Is Cutting About 1,000 Jobs While Profits Grow: What That Says About Work Right Now
In the news: Netflix will cut about 6% of its workforce, roughly 1,000 jobs, even as profit rises. The facts from AP and CBS, and general habits that hold up in any job market.
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Holiday Sales Forecast: $1.01 Trillion, With Half the Growth Coming From Higher Prices
In the news: the National Retail Federation expects $1.01 trillion in holiday spending, up 4.2%, but economists say about half the gain is higher prices. What that means for buying well.
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Social Security Benefits Rise 3.6% in 2027, the Biggest Jump in Four Years
In the news: the Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, about $75 more a month for the average retiree.
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Inflation Hit 3.7% in September, and Gas and Air Fares Did the Heavy Lifting
In the news: consumer prices rose 3.7% from a year earlier in September, with gasoline and air fares leading the climb, the Labor Department reported.
